WINTON GROUP Ltd Invests $4.34 Million in Citizens Financial Group Inc (CFG)

WINTON GROUP Ltd acquired a new position in Citizens Financial Group Inc (NYSE:CFG) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 112,538 shares of the bank’s stock, valued at approximately $4,341,000.

Several other hedge funds have also recently made changes to their positions in CFG. LSV Asset Management lifted its position in shares of Citizens Financial Group by 51.7% during the 2nd quarter. LSV Asset Management now owns 7,513,125 shares of the bank’s stock worth $292,260,000 after buying an additional 2,561,477 shares during the period. Northern Trust Corp lifted its position in shares of Citizens Financial Group by 1.7% during the 2nd quarter. Northern Trust Corp now owns 5,730,814 shares of the bank’s stock worth $222,928,000 after buying an additional 96,971 shares during the period. Bank of Montreal Can lifted its position in shares of Citizens Financial Group by 51.9% during the 3rd quarter. Bank of Montreal Can now owns 5,312,122 shares of the bank’s stock worth $204,888,000 after buying an additional 1,815,395 shares during the period. Janus Henderson Group PLC lifted its position in shares of Citizens Financial Group by 30.8% during the 2nd quarter. Janus Henderson Group PLC now owns 4,493,533 shares of the bank’s stock worth $174,800,000 after buying an additional 1,058,650 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Citizens Financial Group by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 3,697,242 shares of the bank’s stock worth $143,823,000 after buying an additional 55,276 shares during the period. Institutional investors own 97.07% of the company’s stock.

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In related news, Director Charles John Koch acquired 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was acquired at an average cost of $36.32 per share, with a total value of $508,480.00. Following the completion of the purchase, the director now directly owns 49,937 shares in the company, valued at $1,813,711.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by insiders.

Shares of Citizens Financial Group stock opened at $38.06 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.79. Citizens Financial Group Inc has a 12 month low of $34.88 and a 12 month high of $48.23. The firm has a market cap of $17.81 billion, a P/E ratio of 14.75, a P/E/G ratio of 0.70 and a beta of 1.25.

Citizens Financial Group (NYSE:CFG) last announced its quarterly earnings data on Friday, October 19th. The bank reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.03. Citizens Financial Group had a return on equity of 8.11% and a net margin of 27.12%. The business had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Citizens Financial Group Inc will post 3.52 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Wednesday, October 31st will be paid a dividend of $0.27 per share. The ex-dividend date is Tuesday, October 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.84%. Citizens Financial Group’s dividend payout ratio (DPR) is presently 41.86%.

Several equities analysts recently commented on the company. BMO Capital Markets cut their target price on Citizens Financial Group from $48.00 to $45.00 and set an “outperform” rating for the company in a research report on Monday, October 22nd. Macquarie upgraded Citizens Financial Group from an “underperform” rating to a “neutral” rating and set a $38.00 price objective for the company in a research report on Monday, October 22nd. Bank of America upgraded Citizens Financial Group from an “underperform” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Monday, October 22nd. Zacks Investment Research upgraded Citizens Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. Finally, ValuEngine downgraded Citizens Financial Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. Citizens Financial Group presently has an average rating of “Hold” and a consensus price target of $45.09.

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About Citizens Financial Group

Citizens Financial Group, Inc operates as the bank holding company for Citizens Bank, National Association and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. The company operates in two segments, Consumer Banking and Commercial Banking.